STEP-BY-STEP

1238 Sutter Street Unit 303

Applications are being accepted on a first-come-first-served basis starting on 04/16/2024 at 8:00 AM PST.

1 Bedroom Below Market Rate (BMR) housing opportunity available at 100% Area Median Income (AMI).

Initial Posting Date on DAHLIA: February 27, 2024. See the complete listing details on DAHLIA. 

1

Unit info

Sales price: $375,000

HOA dues: $541

Parking: No Parking Space

Size: 420 sq. ft.

Changes in AMI: MOHCD will use the income limit from the most current year’s area median income (AMI) chart to determine eligibility for an applicant.

2

To view the unit

Individual viewings are available by appointment.  Please contact the listing agent, Rob Belli at (415) 317-8540 or rob.belli@compass.com, for assistance.

To view the virtual tour, click here.

3

Application Requirements

To apply for this listing, you must complete homebuyer education and get a mortgage loan pre-approval letter.

4

Temporary Adjustments to Applicant's Eligibility Requirements

MOHCD may grant one or more of the following one-time waivers* to applicants applying for this BMR unit:

  • Increase qualifying AMI by up to 20%.
  • Remove first-time homebuyer requirement.
  • Exclude income from assets in the calculation.
  • Adjust household size rules
  • Allow homebuyer education completion after the initial application.
  • Lower minimum financing requirements for buyers.

*Temporary adjustments to the applicant's eligibility requirements will expire on 06/30/2025 unless further extended by MOHCD. For details on the temporary adjustments, view the program announcement.

5

Application Assistance

If you need help to submit an application, you can contact your housing counselor. For a list of housing counselors, click here.

6

Application Start Date

The application period starts on April 16, 2024, at 8:00 AM PST and will remain open as first come, first served until it's no longer available.  

7

Application instructions

Submit a complete application package via this secure link, 1238 Sutter St Unit 303.

Instructions:

  1. Create a free account or log into your account with Box.
  2. Combine the application form and all required documents into one PDF file and name the PDF file “1238 Sutter St Unit 303" – Last Name, First Name” (Example, 123 Sample Street Unit A – Smith, John).